Valuation for Mortgage Purposes: An Update

Aims to give practical advice on some of the questions raised by the Mortgage Valuation Guidance Notes. Looks at key clauses in the Guidance Notes and links them to recent case law. Notes that they have established standards and parameters for the work which the courts are accepting and it is therefore crucial that valuers are fully aware of their content. Concludes that the profession should be examining a possible scientific and logical basis for residential valuation which will allow for a greater feeling of confidence about how the figures have been calculated.